Silicon Battery Market
Silicon Battery Market - Global Industry Assessment & Forecast
- By Capacity 0–3000 mAh, 3000–10000 mAh, 10000-60000 mAh, 60000 mAh & Above
- By Application Automotive, Consumer Electronics, Aviation, Energy, Medical Devices
- By Region North America, Europe, Asia Pacific, Middle East & Africa, Latin America
|Forecast Years:||2023 - 2030|
|Historical Years:||2017 - 2021|
|Revenue 2022:||USD 68.80 Million|
|Revenue 2030:||USD 754.50 Million|
|Revenue CAGR (2023 - 2030):||34.90%|
|Fastest Growing Region (2023 - 2030)||Asia Pacific|
|Largest Region (2022):||Asia Pacific|
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Silicon Battery Market: By Capacity, Application, and Region
Global Silicon Battery Market is valued at USD 68.80 Million in 2022 and estimated to reach a value of USD 754.50 Million by 2030 at a CAGR of 34.90% during the forecast period, 2022–2028. Silicon Battery is a type of battery in which the anode part contains silicon, which replaces graphite used in conventional batteries. Silicon has a much larger specific surface area than graphite or metals currently used as anode materials. This results in higher current density and faster charging speed. The energy density of silicon-based batteries is higher than that of conventional lithium-ion batteries. Silicon Battery silicon anode battery are used in Tesla Motors, Faraday Future, Zytek micro-hybrid car.
Silicon Battery Market Size, 2022 To 2030 (USD Million)
Growing Demand for in Consumer Electronics to Drive Growth of Silicon Battery Market
The Silicon Battery has a potential to replace the traditional batteries, which is also made of silicon. It is one of the most vital components in consumer electronics products such as laptops and cell phones. The silicon anode is utilized to hold an electric charge in silicon batteries. It enables the Silicon Battery to effectively store charge and release electrical current when required. The usage of Silicon Battery has been rising rapidly since they are durable, non-combustible and inexpensive materials.
Global Silicon Battery Market is by capacity (0–3,000 mAh, 3,000–10,000 mAh, 10,000–60,000 mAh, and 60,000 mAh & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region. Asia Pacific to dominate the Global Silicon Battery Market. Wherein, China is expected to remain the largest contributor to the market revenue. By Application, the demand for Silicon Battery to remain high in the consumer electronics to provide prominent power back up and improve power density.
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Silicon is Poor Electrical Conductor, which may Affects Growth of Silicon Battery Market to some Extent
The silicon anode battery is expected to be widely used in mobile devices and electric vehicles in the future. However, silicon is a poor electrical conductor and therefore Silicon Battery has low capacity and silicon anode batteries have been limited to use in small electronic devices, such as mobile phones. In order to get rid of this weakness, scientists from Stanford University have managed to develop silicon nanowire anodes that have much higher capacity than the graphite battery used in most modern electronic devices.
The silicon nanowire anodes are made out of silicon nanowires, which are thousands of times smaller than human hair. The silicon nanowires contain very little silicon atoms but have extremely high surface area that enables efficient charging and discharging.
Asia Pacific to Hold Prominent Share of Silicon Battery Market
2018 is the fourth consecutive year that the market size of global energy storage capacity has exceeded 900MW, and it is estimated that global capacity will reach 1,100MW in 2019. Solar power-generated electricity accounts for about 70% of the total output capacity. It is predicted that by 2020, will reach 1.7GW.
The report shows that the global energy storage capacity in 2018 hit 946.8MW, with strong growth in solar power generation in all regions. Asia Pacific is the largest consumer of Silicon Battery power storage system, accounting for about 42% of the total market share, followed by Europe and North America respectively. The US ranked first among them, with large-scale energy storage projects in California. The report also notes that China is now the world's largest supplier of Silicon Battery materials, silicon reserves account for approximately 40% of global reserves, and currently imports over 80% of silicon raw materials from abroad, which has led to huge silicon batteries outside the country.
Major players in the market include Group14 Technologies (US), Enovix (US), Huawei (China), Amprius Technologies (US), Enevate (US), Nexeon (UK), Nanotek Instruments (US), Targray Technology International (Canada), LeydenJar Technologies (The Netherlands), California Lithium Battery (US), XG Sciences (US), and Sila Nanotechnologies (US)
Silicon Battery Market is segmented into following:
Regions & Countries Covered
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST
analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market
attractiveness analysis by segments and North America, company market share analysis, and COVID-19
Silicon Battery Market is tabulated into following:
Frequently Asked Question
What is the global demand for Silicon Battery in terms of revenue?
The global Silicon Battery valued at USD 68.80 Million in 2022 and is expected to reach USD 754.50 Million in 2030 growing at a CAGR of 34.90%.
Which are the prominent players in the market?
The prominent players in the market are Group14 Technologies (US), Enovix (US), Huawei (China), Amprius Technologies (US), Enevate (US), Nexeon (UK), Nanotek Instruments (US), Targray Technology International (Canada), LeydenJar Technologies (The Netherlands), California Lithium Battery (US), XG Sciences (US), and Sila Nanotechnologies (US).
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 34.90% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
The driving factors of the Silicon Battery include
- Growing Demand for in Consumer Electronics
Which region accounted for the largest share in the market?
Asia Pacific was the leading regional segment of the Silicon Battery in 2022.